Banks, Direct Lenders Eye $2 Billion Refinancing for Leaf Home

Banks and direct lenders are in discussions to refinance the debt of Gridiron Capital-backed Leaf Home as private equity firms hold onto assets for longer.

Goldman Sachs Group Inc. and Bank of America Corp. are seeking to raise roughly $2 billion of debt from the broadly syndicated market for the home improvement services company, according to people with knowledge of the matter.

Private credit firms could also provide additional capital in the form of preferred equity, said the people, who asked not to be identified discussing private information. Talks are ongoing and terms of any potential transaction may still ...